Record the following transactions on the books of Fowler Co.:
(a) On May 1, Fowler Co. sold merchandise on account to Kaneva Inc. for $30,000, terms 2/10, n/30. Ignore any entries that affect inventory and cost of goods sold for purposes of this question.
(b) On May 6, Kaneva Inc. returned merchandise worth $6,000 to Fowler Co.
(c) On June 30, Fowler Co. charged Kaneva Inc. one month's interest for the overdue account. Fowler charges 10% on overdue accounts. (Round calculation to the nearest dollar.)
(d) On July 5, Kaneva paid the amount owing to Fowler Co.